Question 384340
1)
A=80000(1+0.09)^3
A=80000*1.295
A=103600
103600-80000=$23,600
2)
A=45000(1+0.075/4)^4*2/24*21
A=45000(1.01875)^8*21/24
A=45000(1.01875)^7
A=45000*1.1388679
A=51249.06
3)
40000=P(1+0.09/12)^8*12
P=40000/(1+.0075)^96
P=40000/2.048921
P=19522.18